JEMB vs. NEMD

Last updated Jun 5, 2026

JEMB (Janus Henderson Emerging Markets Debt Hard Currency ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both Emerging Markets Bonds funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. JEMB charges 0.52%/yr vs 0.60%/yr for NEMD.

Performance

JEMB vs. NEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Emerging Markets Debt Hard Currency ETF (JEMB) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEMB achieves a 2.72% return, which is significantly lower than NEMD's 4.12% return.

JEMB

• 1D: 0.24%
• 1M: 0.57%
• YTD: 2.72%
• 6M: 3.66%
• 1Y: 12.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMD

• 1D: 0.35%
• 1M: 1.38%
• YTD: 4.12%
• 6M: 4.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JEMB vs. NEMD - Yearly Performance Comparison

	2026 (YTD)	2025
JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF	2.72%	5.55%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.12%	7.07%

Correlation

The correlation between JEMB and NEMD is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	0.59

Return for Risk

JEMB vs. NEMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JEMB

JEMB Risk / Return Rank: 54
JEMB Sharpe Ratio Rank: 48
JEMB Sortino Ratio Rank: 49
JEMB Omega Ratio Rank: 53
JEMB Calmar Ratio Rank: 57
JEMB Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JEMB vs. NEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Emerging Markets Debt Hard Currency ETF (JEMB) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	JEMB	NEMD	Difference
Sharpe ratio: Return per unit of total volatility	1.64	—	—
Sortino ratio: Return per unit of downside risk	2.36	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.79	—	—
Martin ratio: Return relative to average drawdown	11.47	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JEMB	NEMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	2.20	-0.95

Drawdowns

JEMB vs. NEMD - Drawdown Comparison

The maximum JEMB drawdown since its inception was -5.37%, which is greater than NEMD's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for JEMB and NEMD.

Drawdown Indicators

	JEMB	NEMD	Difference
Max Drawdown Largest peak-to-trough decline	-5.37%	-4.43%	-0.94%
Max Drawdown (1Y) Largest decline over 1 year	-4.67%	—	—
Current Drawdown Current decline from peak	-0.42%	-0.04%	-0.38%
Average Drawdown Average peak-to-trough decline	-1.01%	-0.57%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	—	—

Volatility

Volatility by Period

	JEMB	NEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.98%	6.51%	+1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.51%	6.51%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.51%	6.51%	+2.00%

JEMB vs. NEMD - Expense Ratio Comparison

JEMB has a 0.52% expense ratio, which is lower than NEMD's 0.60% expense ratio.

Dividends

JEMB vs. NEMD - Dividend Comparison

JEMB's dividend yield for the trailing twelve months is around 6.27%, more than NEMD's 4.71% yield.

Position	TTM	2025	2024
JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF	6.27%	6.19%	2.53%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.71%	2.39%	0.00%

Frequently Asked Questions

Can I hold both JEMB and NEMD in my portfolio?

JEMB and NEMD have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEMB or NEMD?

On fees, JEMB is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEMB or NEMD?

JEMB is cheaper with a 0.52% expense ratio, compared with 0.60% for NEMD.

Which ETF pays a higher dividend yield, JEMB or NEMD?

JEMB has the higher dividend yield at 6.27%, compared with 4.71% for NEMD.

What is the main difference between JEMB and NEMD?

They also come from different issuers: Janus Henderson and Neuberger Berman. Their fees differ too: 0.52% for JEMB and 0.60% for NEMD.